In 1934, after meeting with John Maynard Keynes, FDR said that he “liked him immensely” but groaned that he talked like a “mathematician.” Keynes’s advice to FDR? Described by Sylvia Nasar in Grand Pursuit, increase deficit spending from $300 to…
If this were 1930 or 1931, you would think you were experiencing a cyclical downturn–not a Great Depression. In an econtalk interview, Stanford’s David Kennedy begins this way, placing the listener in a contemporary context. Instead of looking backward at…
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